Reversing a five-year trend, airline lead hull and liability premiums on average increased by 7 percent last year, according to Aon insurance brokerage's London office.
Aon's "Airline Insurance Market Outlook 2009" said the uptick followed an 11 percent decline in 2007, representing an 18 percent upward swing in the last two years. The trend is likely to continue, the firm said.
It reported total lead hull and liability premium rose from $1.51 billion in 2007 to $1.6 billion in 2008, while insurers are estimated to have paid out $1.45 billion in claims last year.
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